Crown faces disciplinary action from VGCCC re Unionpay scheme

Crown Melbourne is facing fines of up to $100 million for its role in enabling the illegal transfer of funds from China using China UnionPay.

On Tuesday, the Victorian Gambling and Casino Control Commission (VGCCC) announced it had launched disciplinary proceedings into what has been dubbed the “China Union Pay process” – a scheme in which the Crown would issue false receipts for hotel services which allowed the gambler to instead use it for gambling chips. 

These proceedings can see the Crown slapped with fines of up to $100 million, compared to the previous maximum of $1 million. Other actions available to the VGCCC include “varying the casino license,” and/or “censuring Crown and directing it to take rectification steps.”

“As a first step, we are acting on the royal commission’s findings that Crown’s China Union Pay process breached important Victorian regulatory obligations, was illegal and constituted serious misconduct,” said VGCCC chair Fran Thorn.

Crown on Wednesday confirmed it had been informed by the VGCCC that it is considering the findings of the royal commission report and they are considering what disciplinary action will be taken. 

“Crown is currently reviewing the notice and will be working cooperatively with the VGCCC to close out this and all other outstanding matters stemming from the Report of the Victorian Royal Commission.

“Crown’s priority remains committed to delivering on its reform and remediation program to ensure Crown delivers a safe and responsible gaming environment.

Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. He has developed some of the most well-known conferences for the Asian gaming industry, most recently being the ASEAN Gaming Summit, the Australasian Gaming Seminars, and the Mekong Gaming Summit. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.